Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-10-16


ANE MHa1UnB
xhe C1unl4 Cenmizuianars haEa hsa
nn1es eon1i6sfafi1n fur s.nls tins ne
fnndnR q ths esanls asbt 1hAi
whish hss been eivsn ms1s aslsn1s1a r
nst Ghnt ~ 6sh1 lhcnld BE- fnnasa. h1f
teo sd1plIan Of sons sgsIsEn b. uhisA
Ne aaancla u M souniy sonid hs
cc141ele9 8itn references 81 & EaE1l1g
M1shcd. Sad fhEs rzs4aul tka poe slhillt1
81 e0afasinns NutwIahaaMm1ina the
4ens ~ Ne er1ufg Is Id ms neinhbeg..
heed e 4EH3009 foR tie pagmenf %
w1t11 - rr1Eisicn hse besn m1d8 eIker
l1eu ne pfnclfea of E1deominR o1t-
sIandioa WaErnnxn e. IA. 81 moneg e.
cumnlAte8 II he treasury, wheneEef
an ob1inafiou N fneufxa1 q HaEsant y
i1sned Tor ilg paYmant, nlfhuuNh e. ne
lime 4 was ilBned thess mag noe have
been dollar h tee treasury. Ihis has
not pE1se1tod bank1rs and o1hexa from
ea9hiz4 these waEEanIg e. th9iE faee |
s4lnss e. sheY al baaE tsn rer osnt IN
t1fess from the Data of ig81e nntll thsy
aEe rsauhsd h TIE seq1snss of pay
msnl when q eail b pahlfgted. ard tee |
lntere41 the1 osass1 As ma,1er 81 |
Last. rs ec1niy warrants ere 10 lively
demand.
xKAz u onanuxKD 70.
The eeonomfs Eaatnss Of the pFoblem |
conai11H "a interest," allowed 90 thess cut
slnudina warrants. Tha Osmmisaion-
ere think very 6esidedlg tna1 ten Per
oenk., kha inssEsse nos paid, & entirely !
too high for Q onumty whose csedis IL 90 |
good that ita warrants ere bcaaht np e. |
tine when no dase e1 paynelt Il an |
nouuoed. AnothsF feature % thia Il |
lhat tie eouniy noe has no alternative
has maas p&y ten pef cent. uniformly.
II The 0ommisstuneEa eers allowed eny
discretion IN che matter Of hKlna the |
rats cf inteFast. e h not uniiksly she |
competition among monied men 70 e
care the warrants would lead them % |
aoeept lover rata Of iniegsss. Bat she |
county must pay ten per cent. eean u |
the purchasers Of TIE warrants said they l
woald be willing % aeceps lees. Aside |
fsom this syssem t9 collecting nnd 70
coFdinR the payment 81 the taxes - DE- |
fectIvs and produs1fve q hnedships % |
lnnocent sax payers. % vas explAlneo |
10 ths Por-INrnI1zazHunR several days |
eco.
WHAT VILE m D0zr.
Au4 pan nov 1otmul4ee1 ~ 70 nave
the legislative Assembly IS ite session |
10 DsoembsF pass Renerll iaw allow |
ina oounsiss 90 bond shaiF Indebtedness. |
lhas indebtedness 10 be limited % TIRES /
per cant. Of the assessed yalu8 Of the |
property n the county, and The Interest /
not % exoeed SIX per cent. Provision /
viii also Be made foE she distribution /
Of The various liabilities Of the county,
HE establishments Of general ncoounss,
for the paymeaa of which Eeeulax ep. |
propFfafiona viii be made hY the Coun-
- OommiazioneKs. theee appropriations
noi being divertibls 20 other than the
aooount for which if Il originally dssiR- |
mated, she establishment Of regular
sinking funds for the payment d oui
standing indebtedness, and various
other provisions regulating the ksspinR |
% aooaunts. This plan viii enable the /
County Oonmissinners 80 oentfaol on /
behalf Of The county fog the payment Of /
lees rate than ak psr cent. The silk
inc fund w0eld be arplied 10 regular
intervals 10 the liquidation Of she |
bouda, aud In the meantime wenId be |
bsafin9 interest,". Il Is believed the |
bends would bring . pFsnAum Is stx
per cent.